NEW YORK ( TheStreet) -- W&T Offshore (NYSE: WTI) hit a new 52-week high Tuesday as it is currently trading at $26.17, above its previous 52-week high of $26.12 with 956,514 shares traded as of 10:27 a.m. ET. Average volume has been 943,300 shares over the past 30 days. W&T has a market cap of $1.7 billion and is part of the basic materials sector and energy industry. Shares are up 20.6% year to date as of the close of trading on Monday. W&T Offshore, Inc., together with its subsidiaries, engages in the acquisition, exploitation, exploration, production, and development of oil and natural gas properties in the Gulf of Mexico. The company has a P/E ratio of 14.4, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 16.7.
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